RxFunction

Minneapolis, United States Founded: 2010 • Age: 16 yrs
Wearable prostheses for sensory peripheral neuropathy patients are developed.
Annual revenue - Latest available
Total funding $39.9M 12 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products 1 Services tracked
Competitors 10 Brand Intelligence

About RxFunction

RxFunction is a company based in Minneapolis (United States) founded in 2010 by Lars Oddsson. RxFunction has raised $39.95 million across 12 funding rounds from investors including HHS and Cedar Point Capital. RxFunction offers products and services including Walkasins. RxFunction operates in a competitive market with competitors including HyperIce, MedRhythms, Neocis, Fundamental Surgery and KT Tape, among others.

  • Headquarter Minneapolis, United States
  • Founders Lars Oddsson
  • Sectors
    Technology
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
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  • Social
    Locked
  • Legal Name Rxfunction, Inc.
Operational Areas
Technology → Extended, Virtual & Augmented Reality Unlock Sub-Sector Unlock Segment
Healthcare → Healthcare Products & Supplies Unlock Sub-Sector Unlock Segment
Technology → Extended, Virtual & Augmented Reality Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $39.95 M (USD)

    in 12 rounds

  • Latest Funding Round
    $5 M (USD), Series B

    Oct 27, 2022

  • Investors
    HHS

    & 1 more

  • Employee Count
    Not available
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Products & Services of RxFunction

RxFunction offers a comprehensive portfolio of products and services, including Walkasins.

Product name locked
Category locked
Primary

Provides tactile feedback to enhance balance for peripheral neuropathy patients.

People of RxFunction

Headcount 10-50
Employee Profiles 19
Employee Profiles
People
Marissa Bocchino
Regional Director
People
Lars Oddsson
CTO & Co-Founder
People
Mary Ernst Anderson
Chief Executive Officer
People
Cory Gloe
Engineering Manager

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Funding Insights of RxFunction

RxFunction has successfully raised a total of $39.95M across 12 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in RxFunction

RxFunction has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Cedar Point Capital.

All
Institutional
Investor Description Founded Year Domain Location
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Public health and human services are overseen by HHS.
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Investor details for RxFunction

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  • Investor domains
  • Investor locations
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  • Participation history

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Investments & Acquisitions by RxFunction

Investments
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Investment portfolio details for RxFunction

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Financial Statements - RxFunction

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Detailed financials for RxFunction

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Rxfunction Comparisons

RxFunction Primary company
Description
Wearable prostheses for sensory peripheral neuropathy patien...
Location
Minneapolis, United States
Founded Year
2010
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for RxFunction

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Competitors of RxFunction

RxFunction operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HyperIce, MedRhythms, Neocis, Fundamental Surgery and KT Tape, among others.

Company Name Domain Founded year HQ Location Description
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Internet first brand offering smart devices for physical fitness
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Provider of wearable devices to combat neurological injuries and recover walking functions
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Robotic guidance systems for dental implantation surgeries are provided.
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AI-based surgical simulation is enabled via VR and haptics.
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Manufacturer of kinesiology tape and related recovery products. It offers a variety of tapes designed for different needs and activity levels, including options for sensitive skin and specific areas of the body. The product line also includes supporting items such as ice sleeves, pain relief gels, and blister prevention products. The company provides educational resources on proper application techniques and offers a mobile application for further support. The focus is on providing solutions for pain relief, muscle support, and recovery from injuries.
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Wearable tibial nerve stimulation device treats overactive bladder symptoms.
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Detailed competitors of RxFunction

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Latest news on Rxfunction

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Complete news archive for RxFunction

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  • Brand-specific news history

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Frequently Asked Questions about RxFunction

RxFunction was founded in 2010 and raised its 1st funding round 1 year after it was founded.

RxFunction is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.

Mary Ernst Anderson is the current CEO of RxFunction.

RxFunction is a funded company, having raised a total of $39.95M across 12 funding rounds to date.

RxFunction was founded in 2010 in Minneapolis, United States, and operates in the medical devices sector focused on balance technology. Wearable solutions for individuals with sensory peripheral neuropathy are created, including a leg unit with electronics and vibrating motors, paired with insoles that detect foot pressure. Real-time tactile cues are delivered to enhance balance and stability during daily activities.

RxFunction's top competitors include HyperIce, Fundamental Surgery and MedRhythms.

RxFunction offers Walkasins.

RxFunction has 2 investors. Key investors include HHS, and Cedar Point Capital.

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